There is a saying that where there is money, there will be more crowds. Why are there so many creators on TikTok today? Are they coming just for fun, or to earn money? Yes, TikTok is a unique opportunity for creators to earn money.
This is the reason why millions of creators are spending their time on TikTok around the world. Somehow, if you are becoming popular on social media platforms, you are ready to make money.
If one of your scenes goes viral on TikTok, you can become a star overnight. Millions of followers go crazy about you and turn a creative personality into a famous brand. Then the unique way of earning money begins.
In this new blog, we are going to explore 5 ways to make money on TikTok. Before moving on to earning money from TikTok, we will know about the history of TikTok.
Overview of Tik Tok
The app was originally developed in China and popularized as a 15-second, entertaining or fun video-sharing app by 2018 under the name Musical.ly app in India. The creators are allowed to sync their lips with the music, and dialogue options in the video.
Then musical.ly was very popular among teenagers as the 15-second short video streaming and sharing app with over 100 million users in August 2018.
This app gained widespread fame with some content creators. Some of the users shared the app on several social media platforms, such as 15-second music videos shared on Instagram, further boosting the app’s popularity.
In August 2018, a Chinese company BiteDance took over the Musical.ly app and transferred its users to TikTok with their content. Before proceeding further, let me tell you that TikTok is currently banned in India.
How does TikTok Work?
TikTok is a short form of a funny or entertaining video-sharing app that allows users to share their short video (15 Seconds) on any topic.
Now, this app has many opportunities for creators who are gaining many followers day by day, and they are getting the opportunity to make money using the TikTok platform.
How to Earn Money on TikTok?
So let’s start…
There is no ad network platform for TikTok creators like YouTube or Facebook. Still, you can make money on TikTok. Here you have to create fun and entertaining content that people will enjoy. If something goes viral and gets a lot of followers, then you are ready.
Then they thought it could be a great way to earn money. More and more people are getting interested in TikTok day by day, and they start making money from TikTok.
We will cover it in detail about how they are earning five types of income through TikTok. So, these are the top 5 ways to Make Money on TikTok.
- Selling Tik Tok Account
- Earn Money from the Live Session
- Income from Brand Sponsorships
- Divert Audiences to Other Monetized Platforms
- Income from Influencer Campaigns
So, these are the top five ways where TikTok users can earn money by those ways.
1. By Selling Tik Tok Account
Here are the top five methods of monetization on TikTok. The first is to sell the growing TikTok profile to earn money.
Nowadays, TikTok is becoming more and more popular in the industry. Companies are selling products through the TikTok profile, and you can earn massively by selling your account.
It is a popular method to earn money on TikTok. Grow a large number of followers on your TikTok account and sell it to the brand, which leverages the fan base account to take advantage of the audience using your TikTok profile.
2. Through a Live Session
Another way to make money through TikTok is to go to live sessions and collect donations from their followers. Suppose you are a TikTok user; You can go to your profile and buy some coins.
When you go to live sessions, people give you money through coins as a gift. These coins are converted into the dollar ($). So you have a minimum of 1000 followers to go live in TikTok.
Here you cannot withdraw cash directly; cash does not automatically go to your bank account. It goes to the wallet in TikTok; later, after completing $ 50, you can transfer it to your bank account through a PayPal account. Once you hit $ 50, you hit the cash out button, and it will go into your PayPal account.
3. Brand Sponsorships
The third best way is to make massive money through brand promotion. Now the famous TikTokers are receiving sponsorship, and brand deals from recognized companies around the world.
Here are the minimum number of followers required to start from 50k approximately to get good sponsorships from the brand.
If you have good luck, you can get good deals and sponsorships from even minimal followers. So, getting brand sponsorship is also the best idea to earn money on TikTok.
How to Get Brand Sponsorships?
The user’s contact list in the TikTok profile is the best way to get a brand sponsorship:
- You can use your TikTok profile to provide contact details to get sponsorship.
- You have to provide a mail ID in your TikTok profile or connect your Instagram account with TikTok to get sponsorship here.
This way, they will contact you to promote their product in your TikTok video. This is the most popular of the top 5 ways to make money on TikTok.
4. Diverting to other Monetized platforms
The fourth way to make money on TikTok Tok, by using other revenue-based platforms. You can grow your other ad network platforms very fast, such as YouTube, and Instagram.
There is an option to the right of the follow button for each TikTok account, where you can link your Instagram or YouTube account.
You can take advantage of this feature, and here you can redirect the followers of TikTok on your Instagram or YouTube account.
As you know, YouTube has its advertising network, where you can grow your YouTube account very quickly through TikTok followers and start making money on YouTube very quickly, directing your TikTok followers.
Therefore, grow your followers on TikTok and take advantage of TikTok followers on YouTube, and of course, they will subscribe. This way, you can earn money on YouTube by directing TikTok followers.
5. Influencer’s Campaigns
The same concept already applies to influencers at TikTok as well. You can find a middleman or broker working on TikTok with a manufacturer and the brand that wishes to deal with the influencer.
With brands focusing on TikTok and its audience, even TikTok users are looking for ways to monetize the content they create.
Brands are leveraging their TikTok accounts for brand promotion and sponsorship and diverting traffic to their channels and pages to get revenue. But, all this is done on its own as TikTok does not provide any facilities.
Brands are offering content creators direct branded content on Instagram. Agencies focus on the quality of the content, the relevance of pay-to-influence and audience engagement.
FAQs
A: Yes, you can earn money on TikTok in various ways like brand deals, sponsorship, live streaming and selling accounts and products through the app.
A: You need to meet the TikTok Creator Fund eligibility criteria, which include having at least 100,000 followers, posting original content, and meeting certain engagement metrics.
A: The amount of money you can make on TikTok depends on various factors, such as the number of followers you have, the engagement rate, and the type of content you create. However, some TikTok influencers have reported earning thousands of dollars per sponsored post.
A: Yes, you can monetize your TikTok account through brand deals, sponsorships and selling products through the app, even if you are not part of the Creator Fund.
A: Yes, you can promote your own products on TikTok through the in-app purchase feature. You can also use affiliate marketing to promote other people’s products and earn commissions on sales.
A: Yes, you are required to disclose sponsored content on TikTok as per Federal Trade Commission guidelines. You can do this by using the hashtags #ad or #sponsored in your post.
A: While having a large number of followers can definitely help you earn more money on TikTok, it is not the only factor. You can also make money by engaging with your audience, creating viral content, and building a strong brand identity.
A: TikTok has a library of licensed music that you can use in your TikTok videos without any copyright issues.
A: Posting content regularly on TikTok can help you build followers and increase engagement, which can increase your chances of earning money.
Conclusion
The above-mentioned method works on a successful TikTok creator. There is no revenue-based platform like YouTube on TikTok. Therefore, you have to build followers on your skills. For this, the TikTok platform gives you only 15 seconds to create a short video. You have to create amazing entertaining content with your skills. Which may help you become an overnight star. Thus it can help in making life successful.
